Christian Debt Recovery

Debt Settlement Letter Sample Free

November 29th, 2007 |

Author: Gavin

Reasons For Using Credit Repair Letters

Have you ever heard the old saying that the pen is mightier than the sword? Well, in fact, credit repair letters are one way to help improve your credit. You may feel that your credit woes are bigger than simply writing a few letters. However, I would encourage you to give it a try.

Credit repair letters are written for many reasons and to address an abundance of credit problems. For example, repair bad credit letters can be written for the following reasons (Keep in mind that this is a very abbreviated list.):

- to challenge inaccuracies on your credit report;

- to take off inquires from your credit report;

- to request that a creditor reduce a debt owed;

- to plead for settlement of a debt from a creditor or collection company;

You can obtain samples of free credit repair form letters from the internet. There are many credit repair companies which post sample letters on their websites for your use.

Many people don’t like to compose letters. However, using the free credit repair form letters which you can find on the internet takes all the guesswork (and composing!) out of it. Just locate a letter which addresses your specific need and prepare it for mailing.

These sample letters cover a wide range of credit topics. You can locate letters which are meant to attempt to settle a debt owed, obtain a credit report or request that a reporting agency investigate an erroneous entry.

You should draft your letter and then proofread it for content. Once you are satisfied with the content, make a copy for your records and prepare it for mailing. It would be a good idea to contact the recipient a few days after mailing to make sure the letter has been received and to see what the recipient’s procedure is for handling your type of request.

Note on your copy of the letter who you spoke to, the date and time, and the outcome of your conversation. Always make note on your copy of the letter any follow up conversations with the recipient.

While preparing your credit repair letters you should keep in mind the outcome you hope to achieve. If you are requesting an action which requires the recipient to investigate some reporting issue, you should be sure to include copies of any substantiating evidence. Be sure to keep all originals in your own file.

If you are writing to request the settlement of a debt owed or to request that an amount owed be reduced, be sure to include your reason for the request – recent layoff from work, unexpected medical bills, sudden death of a spouse, etc. Creditors may be more wiling to work with you if they know the reason behind the request.

All-in-all, samples of credit repair letters are easily located on the internet, quick to prepare, and inexpensive to process. If you send repair bad credit letters to reporting agencies or creditors, you may not obtain the outcome you initially were hoping to achieve; however, at the same time, YOU JUST MIGHT! So, fire up your word processor or your typewriter or grab a piece of paper and a pen and draft that initial letter. Do you really have anything to lose?

Jeff Ragan wants to help you learn more about credit repair and other helpful information on their website, First-Time-Home-Buyer-Solutions.com.

About the Author

For over two decades now Mr. Ragan has helped people reach their goals. With his years of experience in construction, real estate investing, mortgages, credit repair and more, he can help you find the home of your dreams. By teaching others how to make educated decisions based on accurate knowledge, many have found him to be a good source of
information.